IB eliminates margining on many stocks!

Suddenly, I could only buy about 1/3 the amount of shares of a stock I day trade & often hold overnight(s). The CSR said this was a management decision due to market volatility, and they now jumped from some of the best margining to 100% initial margining requirements!! This is from the CSR:

"Margin requirements for the following positions will be imposed as follows; Reg T accounts 100% initial for longs and shorts 50% maintenance for shorts 30% maintenance for longs The above changes will be incorporated for PM accounts as well.

Suddenly, I could only buy about 1/3 the amount of shares of a stock I day trade & often hold overnight(s). The CSR said this was a management decision due to market volatility, and they now jumped from some of the best margining to 100% initial margining requirements!! This is from the CSR:

"Margin requirements for the following positions will be imposed as follows; Reg T accounts 100% initial for longs and shorts 50% maintenance for shorts 30% maintenance for longs The above changes will be incorporated for PM accounts as well.

Its surprising how many people have a complete gambling mentality when it comes to trading. People badmouth Oanda because they raise spreads durring low liquidity times and have low leverage. I remember reading one bad review for them where someone was mad because you cannot fund your account with a credit card with them.